Taylor Wessing has emerged as the first major law firm to formally reveal its September 2010 newly qualified (NQ) retention rate.
The firm has confirmed it would be taking on 19 out of the 24 trainee solicitors who are due to qualify in September 2010, giving it a retention rate of 79 per cent. The result is much higher than the 67 per cent it achieved in 2009.
Graduate recruitment partner Jayne Schnider said: “Our aim is to recruit the strongest graduates and to provide training and development to our trainees to enable each of them to reach their full potential.”
The trainees will qualify into commercial disputes, construction, corporate commercial projects, employment, finance, IT telecoms, private client, private equity, restructuring and corporate recovery, real estate, technology and inward investment.
The only other firm to announce an autumn retention rate so far – albeit provisional – has been Denton Wilde Sapte, which said it hoped to achieve an 80 per cent figure following a woeful 14 per cent retention rate for its Spring 2010 qualifiers (see story).